Brief: P.A.M. Transportation Services Reports Quarterly Loss Per Share $0.23

PAMT

14/04/2020 21:26

April 14 (Reuters) - PAM Transportation Services Inc
 PTSI.O :
    * P.A.M. TRANSPORTATION SERVICES, INC. REPORTS STRONG
OPERATING
RESULTS, NET LOSS DRIVEN BY STOCK MARKET LOSSES FOR THE QUARTER
ENDED MARCH 31, 2020
    * QUARTERLY ADJUSTED NON-GAAP EARNINGS PER SHARE $0.88
EXCLUDING
ITEMS
    * QUARTERLY LOSS PER SHARE $0.23
    * Q1 REVENUE ROSE 0.4 PERCENT TO $129.2 MILLION
    * AUTOMOTIVE DIVISIONS PERFORMED WELL IN Q1 DESPITE BEING
VIRTUALLY SHUT DOWN FOR A COUPLE OF WEEKS IN MARCH
    * BELIEVE THAT LOWER AUTOMOTIVE SALES IN 2020 DO NOT
NECESSARILY
TRANSLATE TO LOWER REVENUES FOR PAM
    * PAM TRANSPORTATION SERVICES - FINISHED Q1 2020WITH
OPERATING
RESULTS THAT WERE VERY CLOSE TO RECORD-SETTING Q1 OPERATING
RESULTS OF LAST YEAR

Source text for Eikon:  ID:nGNX2rS0V0 
Further company coverage:  PTSI.O 

 ((Reuters.Briefs@thomsonreuters.com;))